EXERCISES-Chapter 1-2-3-4

Best capital j best drawings service revenue salary

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Unformatted text preview: ice Furniture Acc Depreciation-Off Fur Salary Payable Unearned Revenue J.Best, Capital J. Best, Drawings Service Revenue Salary Expense Rent Expense Depreciation expense Supplies Expense Totals Unadjusted Trial Balance Dr. Cr. 6,000 13,000 2,080 38,600 22,120 0 1,800 32,680 12,400 23,660 5,380 2,800 80,260 Cash at bank 2,980 Trade debtors Cr. 240 Office supplies inventory Prepaid insurance 140 180 Motor Vehicle Office equipment 4,200 1,200 Trade Creditors 1,340 Unearned service fees Bills payable Mary Johnson Capital Service fee revenue Totals 80 3,000 4,000 520 8,940 8,940 Cr. Adjusted Trial Balance Dr. 6,000 13,900 1,600 38,600 Cr. 22,640 1,200 1,380 32,680 12,400 24,980 6,580 2,800 520 480 82,880 1. Depreciation on the motor vehicle for 1 month is $100 and on the office equipment $20 2. Interest accrued on the bill payables is $ 30 3. Received a $ 48 invoice from ABC for fuel used in the business 4. Office supplies of $85 was determined by a physical count 5. The balance in the Prepaid Insurance account is the...
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This document was uploaded on 03/26/2014.

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